Divorcing Your Bank

Divorcing Your Bank
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It’s easier than ever to divorce your bank and to marry with another. The new Current Account Switch Service has made it faster and safer than it has ever been. It’s time to forego your loyalty, and investigate the latest deals.

The new service allows you to set your own switch date that suits you. The only exception is that you must allow both banks, old and new, a minimum of seven working days to begin the switchover.

All payments are transferred automatically. The Switch Service moves your Direct Debits, standing orders, and other bill payments straight over to your new account so you don’t have to worry about a thing. The main concern for switching to a new bank has, due to the Switch Service, vanished.

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If you make the mistake of signing up to something with your old bank account details, then the Switch Service will automatically redirect any payments for 13 months from your old account to your new one.

The Switch Service has also unified all banks by using the same switching process in all banks. Wherever you’re switching to, from wherever you’re switching from the process is identical and easy.

If you’re a member of any of the following 34 banks or building societies, then you can switch to any of the other 33 banks or building societies that take part in the Switch Service Scheme. If you’re in doubt whether or not your bank has recently signed up to it, then ask. If you see the Current Account Switch Guarantee logo on any of your banks leaflets, adverts, or even windows, then you can be rest assured that they use the Switch Service.

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